Exhibit
10.2
CONSENT TO ASSIGNMENT AND
ASSUMPTION OF LEASE
This Consent to Assignment and Assumption of
Lease (“ Consent ”) dated as of March 11, 2005,
is made by and among FIFTH AVENUE 58/59 ACQUISITION CO. L.P.
(“ Landlord ”), a Delaware limited partnership,
having an address at c/o Macklowe Management Co., Inc., 142 West 57
th Street, New York, New York 10019, ACTIVATED
COMMUNICATIONS, INC. (“ Assignor ”), a Delaware
corporation, having an address at 767 Fifth Avenue, New York, New
York 10019, and SOUTHERN UNION COMPANY (“ Assignee
”), a Delaware corporation, having an address at One PEI
Center, Wilkes-Barre, PA 18711.
WHEREAS, by Agreement of Lease (the “
Original Lease ”) dated as of August 28, 2001 between
Trump 767 Fifth Avenue, LLC (“ Trump ”)
(Landlord’s predecessor-in-interest), as landlord, and
Assignor, as tenant, Trump did demise and let to Assignor, and
Assignor did hire and take from Trump, a portion of the fiftieth
(50 th ) floor in the building known as 767 Fifth
Avenue, New York, New York (the “ Building ”),
said premises being known as Unit 50D, as more particularly
described in the Original Lease (the “ Demised
Premises ”); and
WHEREAS, by Lease Assignment and Assumption
dated September 30, 2004 (“ Assignment and Assumption
”), Assignor assigned the Lease to Assignee. The Original
Lease, as amended by this Consent, is hereinafter referred to as
the “ Lease ”; and
WHEREAS, by this Consent, Tenant has requested
Landlord’s consent to the Assignment and Assumption;
and
WHEREAS, Landlord is willing to execute the
Consent, subject to all of the terms and provisions herein
contained.
ACCORDINGLY, in consideration of the mutual
covenants herein contained, the parties agree as
follows:
1. Landlord hereby consents to the assignment of
the Lease by Assignor to Assignee pursuant to the Assignment and
Assumption annexed hereto as Exhibit A, but subject to the terms
and provisions of this Consent.
2. Assignor and Assignee acknowledge and agree that
the Lease expiration date is June 30, 2014.
3. This consent shall not be deemed a consent to
the alteration of the Demised Premises, to the subletting of all or
any portion of the Demised Premises, or to the further assignment
of the Lease. Pursuant to the Lease, Landlord’s consent in
writing must be obtained prior to any further assignment of the
Lease and prior to any alteration or subletting of the Demised
Premises.
4. Assignee hereby assumes all of the obligations
of Assignor arising under the Lease from and after the Commencement
Date of the Lease and agrees to be bound by and to perform all of
the terms, covenants, agreements, provisions, and conditions of the
Lease on Assignor’s part to be performed or observed from and
after the Commencement Date of the Lease.
5. This Consent, the occupancy of the Demised
Premises by Assignee, the assumption of Assignor’s
obligations by Assignee, and the acceptance of rent by Landlord
from Assignee shall not be deemed to be a waiver or release of any
of the obligations of Assignor under the Lease.
6. The liability of Assignor under the Lease, and
the due performance by Assignor of the obligations on its part to
be performed under the Lease, shall
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